Security company Blockchain Quantstamp has released a report examining the security of the SushiSwap defense protocol, revealing ten security issues with the platform. The good news is that the problems with this Uniswap fork are not fatal - unlike the vital YAM (YFI fork) bug that caused the platform to crash after 48 hours. The researchers identified two moderate risks, three low-risk risks and five information issues in SushiSwap coding.
Among the issues identified were errors that could not prevent the liquidity token from being added more than once. Another vulnerability was that if the owner's private key was leaked, it would be possible to steal funds from the platform; And another issue that was identified could lead to the depletion of SushiSwap pools. Although none of the identified issues were critical enough to require re-implementation of contracts, Quantstamp urged users of the platform to exercise caution.
Other researchers point to other concerns among SushiSwap users, including Cinneamhain Ventures partner Adam Cochran, who revealed yesterday that the protocol development fund contained $ 27 million in SUSHI tokens "that could be used to dump against supplier tokens." "Liquidity should be used." Adam Cochran stated that:
Although I would love to believe in this project, because an AMM would belong to a great community, but if you have a $ 27 million development fund at the center of your project, avoid locking it in and think about No priority, this is a warning sign.
The anonymous SushiSwap boss, alias Chef Nomi, said in response to Cochran's criticism that the $ 27 million token had been allocated to developers:
Theoretically, I can sell them all, but I see no problem with that. This is a devshare fund (shared between developers) and has been so since the beginning.
Cochran said the risk ratio to the SushiSwap reverberation is unbalanced and he intends to cultivate profits on another platform:
I pulled out my last Sushi token. The founder of SushiSwap has not yet locked the funds and now calls the "security check" a full audit. In this platform, the risk is too high. I am no more.
SushiSwap has raised more than $ 1.4 billion in just seven days; And in a business model that some have called a "vampire attack," it has promised liquidity suppliers huge returns. The protocol's native token has gained more than 600% in the past few days, and with its 24-hour trading volume, which is equivalent to 200% of the $ 250 million token cap market, it has become one of the top 70 cryptocurrencies in terms of capital attraction. There has been an explosion in the food-themed Uniswap Diffie Forks, which is said to give a lot of rewards to farmers. In recent days, Kimchi and Hotdogswap have made a lot of noise in the Diffie market. The native Hotdog token fell more than 99.9% from $ 4,000 to $ 1 in just five minutes, just hours after launching the protocol.
Plz subscribe now